Economic policy
This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.
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Spotlight issue
AmCham 2020 General Assembly: Debating the key questions facing your business and the Czech economy - Outline
The COVID19 pandemic has disrupted economic equilibrium, and will continue to. Business leaders face more unknown unknowns than at any point in the last half century. With its General Assembly series of events, AmCham will attempt to pose the questions you need to guide your business successfully through the pandemic and beyond, and rely on the unified expertise of its members to find the answers that will enable us to become a top ten economy in the EU by 2025.
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Piggy banks grow fatter in Central and Eastern Europe in Covid times
Average monthly savings and investment volume rose in all CEE markets in 2020, continuing uptrend over past five years
Across region, increasing importance attached to putting money aside, but level of satisfaction with savings and investments varies widely
Key drivers for putting money aside: “rainy days”, planned purchases and safeguarding for old age
Widespread popularity of traditional products like savings books and building savings also reflects risk aversion among CEE savers
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Czech National Bank: The vaccine game changer
The CNB will stay on hold this week but should confirm a more optimistic outlook for next year, driven by the vaccine news and recent fiscal package approval. This will push GDP and inflation higher and raise the odds of earlier rate hikes. But prudent wording might be chosen to prevent a sharp CZK appreciation. We look for two hikes in 2H21
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